Ascend Wellness Holdings (XCNQ:AAWH.U) Long-Term Capital Lease Obligation : $261.1 Mil (As of Dec. 2023)

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What is Ascend Wellness Holdings Long-Term Capital Lease Obligation?

Ascend Wellness Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $261.1 Mil.

Ascend Wellness Holdings's quarterly Long-Term Capital Lease Obligation increased from Jun. 2023 ($260.5 Mil) to Sep. 2023 ($263.0 Mil) but then declined from Sep. 2023 ($263.0 Mil) to Dec. 2023 ($261.1 Mil).

Ascend Wellness Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($197.3 Mil) to Dec. 2022 ($229.8 Mil) and increased from Dec. 2022 ($229.8 Mil) to Dec. 2023 ($261.1 Mil).

Ascend Wellness Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Ascend Wellness Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ascend Wellness Holdings Long-Term Capital Lease Obligation Chart

Ascend Wellness Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

156.40

197.30

229.82

261.09

Ascend Wellness Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial												229.82	242.89	260.46	262.99	261.09

Ascend Wellness Holdings (XCNQ:AAWH.U) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ascend Wellness Holdings Inc (XCNQ:AAWH.U) » Definitions » Long-Term Capital Lease Obligation

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Traded in Other Exchanges

AAWH:USA

Address

1411 Broadway, 16th Floor, New York, NY, USA, 10018

Website

https://www.awholdings.com

Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

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